Marketplace Morning Report

From the BBC World Service: Mark Zuckerberg insists Facebook will only remove content that risks real imminent harm. Airlines race to get travelers back in the sky. How can governments help companies at risk of financial collapse?

The Congressional Budget Office is now forecasting the U.S. economy will shrink at a 38% annualized rate this quarter. Small upticks in the number of people buying tickets for summer travel. Which colleges plan to reopen this fall? An appeal for city dwellers in France to help out with the harvest.

MIT researchers have created a framework to assess the “cumulative risk” of opening various businesses and public spaces. Johnson & Johnson says it will stop selling the talc-based version of its baby powder. The SBA says PPP loans are getting smaller.

From the BBC World Service: Venezuela’s central bank is taking legal action to get its bullion back. Will Spain extend its COVID-19 emergency measures for a fifth time? An extra public holiday could boost global tourism.

Housing starts in April fell by more than expected last month, a 30% drop. President Trump’s threat to the WHO. Home improvement sales hold steady. The complicated rules that businesses with PPP loans have to follow to get them forgiven.

Electric car sales will be down this year, but they won’t drop as much as sales for combustion engine cars. Local meat producers with shorter supply chains are having a moment. Prince Charles calls for British people looking for work to help pick fruits and vegetables for the harvest.

From the BBC World Service: President Trump issued a 30-day ultimatum to the World Health Organisation over its handling of COVID-19. China sticks 80% tariffs on Australian barley imports. Britain oulines its post-Brexit tariff plans.

J.C. Penney becomes the latest in a line of major retailers to declare bankruptcy. Federal Reserve Chair Jerome Powell’s message to the government on COVID-19 relief. Walmart earnings and how our shopping habits have changed.

Federal Reserve Chair Jerome Powell thinks it might take until the end of 2021 for the economy to recover. Auto companies take steps to protect workers as car factories reopen. What’s it like to be hired remotely during this pandemic?

From the BBC World Service: Will a $1 trillion stimulus be enough to spur Japan’s economic recovery? Seventy percent of India’s hotels could close due to COVID-19, as economic forecasts worsen. Airlines struggle to deal with the impact of quarantine measures.